(This is only an
advertisement for information purposes and not a prospectus announcement.)

MINDPOOL TECHNOLOGIES
LIMITED

Our Company was incorporated as "Mindpool Technologies Private
Limited" as a Private Limited Company under the provisions of the Companies Act, 1956
vide Certificate of Incorporation dated February 21, 2011 issued by the Registrar of
Companies, Pune bearing Registration no.138607 (CIN: U72900PN2011PTC138607). Subsequently,
our Company was converted into a public limited company pursuant to a Shareholders'
Resolution passed at the Extra-Ordinary General meeting of our Company held on March 23,
2018, and the name of our Company was changed to "Mindpool Technologies Limited"
vide a fresh certificate of incorporation dated April 04, 2018 bearing CIN:
U72900PN2011PLC138607 issued by the Registrar of Companies, Pune. For further details of
our Company, please refer "General Information" and "History and Certain
Other Corporate Matters" on page 37 and 99, respectively, of the Prospectus.

INITIAL PUBLIC ISSUE OF 12,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10
EACH (THE "EQUITY SHARES") OF MINDPOOL TECHNOLOGIES LIMITED ("OUR
COMPANY" OR "MTL" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 30
PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 20 PER EQUITY SHARE) ("ISSUE
PRICE") AGGREGATING TO RS. 360.00 LAKHS ("THE ISSUE") OF WHICH 64,000
EQUITY SHARES AGGREGATING TO RS. 19.20 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET
MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER
RESERVATION PORTION I.E. ISSUE OF 11,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT
AN ISSUE PRICE OF RS. 30 PER EQUITY SHARE AGGREGATING TO RS. 340.80 LAKHS IS HEREIN AFTER
REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE
28.32% AND 26.81%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR
COMPANY. FOR FURTHER DETAILS, PLEASE REFER "TERMS OF THE ISSUE" ON PAGE 181 OF
THE PROSPECTUS. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF THE SECURITIES AND
EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018
(THE "SEBI (ICDR) REGULATIONS"), AS AMENDED. IN TERMS OF RULE 19(2)(b)(i) OF THE
SECURITIES CONTRACTS (REGULATION) RULES, 1957, AS AMENDED, THIS IS AN ISSUE FOR AT LEAST
25% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS ISSUE IS A FIXED
PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF
REGULATION 253 OF THE SEBI (ICDR) REGULATIONS, AS AMENDED. FOR FURTHER DETAILS, PLEASE
REFER "ISSUE PROCEDURE" ON PAGE 189 OF THE PROSPECTUS.

ISSUE OPENED ON FEBRUARY
14, 2019 AND CLOSED ON FEBRUARY 20, 2019

PROPOSED LISTING :
FEBRUARY 28, 2019*

The Equity Shares offered through the Prospectus are proposed to be
listed on the Emerge Platform of National Stock Exchange of India Limited
("NSE") in terms of the Chapter IX of the SEBI (ICDR) Regulations, as amended
from time to time. Our Company has received an approval letter dated June 27, 2018 from
NSE Limited ("NSE") for using its name in the Offer Document for listing of our
shares on the Emerge Platform of NSE. For the purpose of this Issue, the Designated Stock
Exchange will be the National Stock Exchange of India Limited. The trading is proposed to
be commenced on or about February 28, 2019*.

*Subject to the receipt of listing and trading approval from the NSE
EMERGE Platform.

All Applicants were allowed to participate in the Issue through APPLICATIONS
SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of
their respective bank accounts in which the corresponding application amounts were blocked
by Self Certified Syndicate Banks (the "SCSBs").

The issue has received 265 applications for 2316000 equity shares
resulting in 1.93 times subscription (including reserved portion of Market maker).

The details of applications received in the issue (before technical
rejections) are as follows:

Category

No. of applicants

%

No. of quity shares

%

Subscription (times)

Market Maker

1

0.38

64000

2.76

1.00

Retail Individual Investors

233

87.92

932000

40.24

1.64

Other than retail individual Investors

31

11.70

1320000

57.00

2.32

Total

265

100

2316000

100

1.93

The details of applications rejected by the Registrar on technical grounds (including
withdrawal) are detailed below:

Allocation: The Basis of Allotment was finalized in consultation
with the Designated Stock Exchange - National Stock Exchange of India Limited on February
25 2019.

A)

Allocation to
Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker,
at the issue price of Rs. 30 per Equity Share, was finalized in consultation with NSE. The
category was subscribed by 1.00 time. The total number of shares allotted in this category
is 64000 Equity Shares.

No. of shares applied for
(Category wise)

No. of applications
received

% to Total

Total No. of Shares Applied
in Each Category

% to Total

Proportionate shares
available

Allocation per Applicant
(before rounding off)

Allocatinn per Applicant
(after rounding off)

Ratio of allottees to
applicants: RATIO 1

Ratio of allottees to
applicants: RATIO 2

Number of successful
applicant (after rounding off)

Total no. of Shares
Allocated/ allotted

No. of Shares Surplus/
Deficit

64000

1

100.00

64000

100

64000

64000

64000

1:1

1

64000

0

Grand Total

1

100.00

64000

100

64000

1

64000

0

B)

Allocation to
Retail Individual Investors (After Technical Rejections): The Basis of Allotment to
the Retail Individual Investors, at the issue price of Rs. 30 per Equity Share, was
finalised in consultation with NSE. The category was subscribed by 1.62 times. The total
number of shares allotted in this category is 568000 Equity Shares to 142 successful
applicants.

The Category-wise details of the Basis of Allotment are as under:

No. of shares applied for
(Category wise)

No. of applications
received

% to Total

Total No. of Shares Applied
in Each Category

% to Total

Proportionate shares
available

Allocation per Applicant
(before rounding off)

Allocatinn per Applicant
(after rounding off)

Ratio of allottees to
applicants: RATIO 1

Ratio of allottees to
applicants: RATIO 2

Number of successful
applicant (after rounding off)

Total no. of Shares
Allocated/ allotted

No. of Shares Surplus/
Deficit

4000

230

100

920000

100

568000

2470

4000

71

115

142

568000

0

Grand Total

230

100

920000

100

568000

142

568000

0

C)

Allocation to Other than
Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis
of Allotment to the Non Institutional Investors, at the issue price of Rs. 30 per Equity
Share, was finalized in consultation with NSE. The category was subscribed by 2.32 times.
The total number of shares allotted in this category is 568000 Equity Shares to 31
successful applicants.

The Category-wise details of the Basis of Allotment are as under: (SAMPLE)

No. of shares applied for
(Category wise)

No. of applications
received

% to Total

Total No. of Shares Applied
in Each Category

% to Total

Proportionate shares
available

Allocation per Applicant
(before rounding off)

Allocation per Applicant
(after rounding off)

Ratio of allottees to
applicants: RATIO 1

Ratio of allottees to
applicants: RATIO 2

Number of successful
applicant (after rounding off)

Total no. of Shares
Allocated/ allotted

No. of Shares Surplus/
Deficit

8000

1

3.23

8000

0.61

3442

3442

4000

1

1

1

4000

558

12000

24

77.42

288000

21.82

123927

5164

4000

1

1

24

96000

-27927

0.00

4000

7

24

28000

28000

16000

1

3.23

16000

1.21

6885

6885

8000

1

1

1

8000

1115

20000

3

9.68

60000

4.55

25818

8606

8000

1

1

3

24000

-1818

448000

1

3.23

448000

33.94

192776

192776

192000

1

1

1

192000

-776

500000

1

3.23

500000

37.88

215152

215152

216000

1

1

1

216000

848

Grand Total

31

100.00

1320000

100.00

568000

31

568000

0

The Board of Directors of the Company at its meeting held on February
25, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. National Stock Exchange of India and has authorized the
corporate action for allotment of the Equity Shares to various successful Applicants.

The Refund/Allotment intimation will be dispatched to the address of
the Applicants as registered with the depositories on or before February 27, 2019.
Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will
be processed on or prior to February 26, 2019. In case the same is not received within ten
days, investors may contact Registrar at the address given below.

The Equity Shares allocated to successful applicants are being credited
to their beneficiary accounts subject to validation of the account details with the
depositories concerned. The Company is taking steps to get the Equity Shares admitted for
trading on NSE EMERGE Platform within six working days from the date of the closure of the
Issue.

Note: All capitalized terms used and not defined herein shall have
the respective meaning assigned to them in the Prospectus dated January 28, 2019 ("Prospectus").

In terms of Prospectus dated 28 January, 2019 and as per Regulation 253
of SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the Net Issue of shares to
Public shall initially be made available for allotment to a) Retail Individual Investors
as the case may be. The balance net offer of shares to the public shall be made available
for allotment to b) individual applicants other than retail investors and other investors
including corporate bodies / institutions irrespective of number of shares applied for.
The unsubscribed portion of the net issue to any one of the categories specified in (a) or
(b) shall/may be made available for allocation in any other category, if so required.
Explanation: Chapter IX, part VIII (253) of SEBI (ICDR) Regulation, 2018. if the retail
individual investor is entitled to more than fifty percent, on proportionate basis, the
retail individual investors shall be allocated that higher percentage.

The details of the allotment made would also be hosted on the website
of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com . All future
correspondence in this regard may kindly be addressed to the Registrar to the Issue
quoting full name of the first/sole applicant, serial number of the Application Form,
number of Equity Shares applied for and Bank Branch where the application had been lodged
and payment details at the address of the Registrar given below: